This property looks like a bad Long-Term investment with a projected -11.78% first-year return on $75,453 initial cash invested.
-11.78%
Cash On Cash
4.58%
Cap Rate
0.69
DSCR
$2,630
Rent
-$741
Cashflow
Cash Flow
$2,630 income − $3,371 expenses = $741 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,453
Downpayment
20%
$71,860
Closing costs
1%
$3,593
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,630
Total Expenses
$3,371
Mortgage P&I
75%
$1,980
Property Taxes
21%
$545
Home Insurance
5%
$144
HOA
1%
$17
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0